Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely Automobile Holdings, has announced a $589 million (RMB 3.8 billion) Series B raise that the company says will help it upgrade its technology and expand its fleet, according to a statement released by the company (in Chinese). The raise, which Cao Cao announced on Monday,… Continue reading Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet
Author: Tech Crunch Online News
Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022
Solid Power, a battery developer backed by Ford and BMW, is expanding its Colorado-based factory footprint as it prepares pilot production of its solid state batteries early next year. The new production facility will be dedicated to manufacturing one of the company’s flagship products, a sulfide-based solid electrolyte material, by up to 25 times its… Continue reading Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022
Intel’s Mobileye, rental giant Sixt to launch a robotaxi service in Germany next year
Intel subsidiary Mobileye and rental car giant Sixt SE plan to launch a robotaxi service in Munich next year, the CEOs of the two companies announced Tuesday during the IAA Mobility show in Germany. The robotaxi service is leveraging all of Intel’s, and more specifically Mobileye’s, assets that have been in development or purchased in… Continue reading Intel’s Mobileye, rental giant Sixt to launch a robotaxi service in Germany next year
BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion
BP Ventures, the investing arm of oil and gas giant BP, has announced a €10 million (~$11.9 million) investment in Ryd, a German in-car digital payments provider. The fresh funds will help Ryd expand its service into international markets and build out its offering, according to a statement. Ryd’s service allows users to lump together… Continue reading BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion
Mercedes-Benz throws down the EV gauntlet at IAA Mobility
Mercedes-Benz introduced a slew of electric vehicles ahead of the IAA Mobility show in Germany, including its first AMG-branded high-performance EV, a sedan and a G-Class SUV concept — all part of the company’s bid to become an electric-only automaker by the end of the decade. Mercedes has already started producing the all-electric EQS, a… Continue reading Mercedes-Benz throws down the EV gauntlet at IAA Mobility
Volkswagen and Argo AI reveal first ID Buzz test vehicle for autonomous driving
Volkswagen Commercial Vehicles, a standalone VW brand responsible for the development and sales of light commercial vehicles, and Argo AI, an autonomous driving technology company, unveiled the first version of the ID Buzz AD (Autonomous Driving) on Sunday. The two companies shared plans to test and commercially scale the jointly developed, fully-electric self-driving van over… Continue reading Volkswagen and Argo AI reveal first ID Buzz test vehicle for autonomous driving
Rivian’s electric R1T pickup truck, R1S SUV get their official EPA ranges
Rivian announced Friday that the first edition version of its all-electric R1T pickup truck has an official EPA range of 314 miles, while its R1T SUV comes in a skosh higher at 316 miles. The official range and fuel economy values have been posted on the U.S. EPA website. The official numbers align with Rivian’s… Continue reading Rivian’s electric R1T pickup truck, R1S SUV get their official EPA ranges
DoorDash workers protest outside CEO Tony Xu’s home demanding better pay, tip transparency and PPE
California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California Superior Court Judge ruling calling 2020’s Proposition 22 unconstitutional. Prop 22, which was passed last November in California, would allow app-based companies like DoorDash, Uber and Lyft to continue classifying workers as independent contractors rather… Continue reading DoorDash workers protest outside CEO Tony Xu’s home demanding better pay, tip transparency and PPE
BMW Group’s Neue Klasse lineup to focus on circular economy to achieve reduction in CO2 emissions
The BMW Group announced Thursday its intentions to commit to a 50% reduction from 2019 levels in global carbon dioxide emissions during the use-phase of its vehicles by 2030, as well as a 40% reduction in emissions during the life cycle of the vehicle. These goals, including a plan to focus on the principles of… Continue reading BMW Group’s Neue Klasse lineup to focus on circular economy to achieve reduction in CO2 emissions
Nikola and Bosch ink deal for hydrogen fuel cell modules
Beleaguered electric truck developer Nikola Corp. has inked a new agreement with Bosch for its hydrogen fuel cell modules. The modules will be used to power two of Nikola’s hydrogen-fueled semi-trucks, the short-haul Nikola Tre and Nikola Two sleeper. “This announcement is the result of a multi-year working relationship with Bosch,” Nikola CEO Mark Russell said… Continue reading Nikola and Bosch ink deal for hydrogen fuel cell modules